RCC Energy Market Update:

RCC ENERGY UPDATE: Wednesday 1/17/2018 5:00 PM

NYMEX:

  • Gasoline up 2 cents
  • Diesel up 0.57 of a cent
  • Crude up 24 cents @ $63.97bbl

GROUP 3:

  • Gasoline up 2.5 cents
  • Diesel up 1.1 cents

CONWAY:

  • Propane trading even on the day

WEEKLY DOE REPORT:

  • Crude – 3.6MB draw expected
  • Diesel – 0.75MB build expected
  • Gasoline – 3.6MB build expected

CRUDE UPDATE:

This is a bit of a delayed report but in August of 2017 the amount of crude imported into the Midwest surpassed that of Gulf imports for the first time since the EIA began keeping records in 1981. With increased U.S. as well as Canadian crude production we are relying less on crude oil from overseas sources. Historically the Midwest would receive a large amount of crude from the Gulf after it was imported but with more crude coming from Canada that amount has been reduced.